LEGISLATIVE ACTION ITEM
SPONSOR: Grover C. Robinson, IV, Mayor
SUBJECT:
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PROPOSED ORDINANCE NO. 27-19, AMENDMENT TO SECTION 10-4-19 - SCHEDULE OF GAS RATES AND CHARGES
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RECOMMENDATION:
recommendation
That City Council adopt Proposed Ordinance No. 27-19 on second reading.
AN ORDINANCE AMENDING SECTION 10-4-19 OF THE CODE OF THE CITY OF PENSACOLA ENTITLED: "SCHEDULE OF RATES AND CHARGES"; PROVIDING FOR SEVERABILITY; REPEALING CLAUSE; PROVIDING AN EFFECTIVE DATE
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HEARING REQUIRED: No Hearing Required
SUMMARY:
In 2007, City Council adopted a rate study that allowed for an annual inflation adjustment component to provide for funding to maintain the City’s natural gas system. The last Consumer Price Index (CPI) adjustment was in 2019 where rates were increased for CPI of 2.40%. The Fiscal Year 2020 Budget has been prepared with an increase based on the CPI of 1.9%.
PRIOR ACTION:
September 12, 2019 - City Council voted to approve Ordinance No. 27-19 on first reading.
September 13, 2018 - City Council adopted Proposed Ordinance No. 13-18 adjusting rates based upon changes in the CPI.
FUNDING:
N/A
FINANCIAL IMPACT:
The rate change has been incorporated in the Fiscal Year 2020 Budget.
CITY ATTORNEY REVIEW: Yes
8/16/2019
STAFF CONTACT:
Christopher L. Holley, City Administrator
Richard Barker, Jr., Chief Financial Officer
Don J. Suarez, Pensacola Energy Director
ATTACHMENTS:
1) Proposed Ordinance No. 27-19
PRESENTATION: No end